1. A conventional reset for PS2 and PS3 can only be done in neutral. 1 horn followed by 5 bells about 1/2 second apart. You must get a confirmation two horn/whistle blasts, if successful.
2. If it is locked in a direction, you must unlock it by pressing the horn button, followed by 3 bells, with a confirmation 2 horn/whistle blasts, if successful. The catch is, you must do this while moving, at the lowest voltage possible, to be successful. Will take multiple attempts. Best to do this with the smoke turned off so the voltage is below 10 volts, but still moving.
Also, with the postwar transformers with an external Bell button, the internal rectifier most times does not transmit a clean D.C. Offset for the PS boards. You may be better off using two Lionel 5906 whistle/bell buttons.